Aging populations, cuts in public healthcare funding, rising costs, and concerns about patient safety burden the medical device industry. While the sector has performed well in recent years, the largest firms face challenging price pressures, increasing product commoditization, and expanding regulation.
The Client, a global digital healthcare leader, needed to address these issues by providing senior management with real-time business intelligence to drive business growth and giving its operational teams better tools for improving revenue, costs, and patient safety and satisfaction. Like many multinational firms, the Client’s maturing, siloed data systems meant data was not consistently defined. They stored data on device diagnostics in a legacy data warehouse and managed departmental analytics individually. To create a holistic business view, their data needed to be integrated across functions.
Building an effective corporate data architecture required accurate data capture with continuous updates, integration, and maintenance. They also needed a more modern analytics platform that executed the right algorithms to produce effective visual dashboards and reports, supporting both operational and strategic needs. They knew greater visibility into the end-to-end lifecycle of each medical device could expand patient services opportunities while also reducing costs and supporting increased regulatory requirements.
Create radical productivity by curating information for people who know the data best, while ensuring security and compliance. and prepare any data, wherever it’s found.
Harness the power of your data by leveraging technology to drive strategies to extract actionable intelligence and get an edge over your competitors.
Make your business strategy truly agile by getting a flawless data system architecture that adapts to the rapid changes in the data medium and technologies.
Bring your ideas to life – From Conceptualization, design, development, marketing- we’ve got you covered every step of the way.
Connect your heterogeneous data systems to get a unified view using the best integration tools giving performance and cost-effective advantage.
Streamline operational efficiency by combining data analysis and business intelligence on real-time data and daily logs.
Create a superlative user experience for your users using the best user experience strategy and craft interfaces that are a joy to use.
Avoid lengthy data modeling projects and obtain self-service analytics in the cloud or on-premises in minutes and not days or months.
Kanerika created a unified business intelligence system that captured the cradle-to-grave lifecycle of a medical device across all functions – from original sale and deployment to machine monitoring and maintenance to device retirement and replacement.
The Kanerika team started by understanding the Client’s data and leveraging the legacy data warehouse solution. Using their expertise in big data and data wrangling, they collected, cleansed, and transformed the data into a live database architecture optimized for real-time business analysis and decision making.
Kanerika applied the power and elasticity of the Azure cloud to deliver the scalable performance needed to aggregate and analyze the required data volumes and provide excellent response time. After working with the Client to understand both the current and future analytics needs, Kanerika organized data—both analytically and visually—to support individual functions (e.g., maintenance KPIs and product sales analysis) as well as executive decision making.
Kanerika also created new Power Business Intelligence dashboards for standardized and ad hoc management queries, while also integrating the new system with low-cost, open-source tools to generate standardized reports where these tools sufficed to meet functional needs.
Senior executives quickly identify strategic issues and opportunities and rapidly respond to changes in market conditions with meaningful data presented via effective visualization. Better tools allow operating teams to respond to business challenges in real time.
Business units easily collaborate in solving problems with unified, consistent data.
Device support teams can increase the speed of repair, reduce device failure in the field, decrease maintenance cost, and raise customer satisfaction with faster insight into device diagnostics.
Sales and marketing quickly identify and capitalize on new opportunities for up-selling and cross-selling with better visualization and faster access to device data on patient and provider usage.
Satisfied patients receive a higher level of care.
Kanerika is a niche consulting firm building efficient enterprises with deployment of automated, integrated and analytics solutions. Kanerika enables efficient enterprises through its unique digital consulting frameworks and AIOps enabled compostable solution architecture. We partner with some of the top vendors to solve some of the critical data and process related challenges. We help some of the top brands across the globe in increasing their speed to respond in evolving market conditions, reducing their cost of operations, empowering them with the right tools and insights for effective decision making.